Bain issued a statement this week saying the merger of the two companies formed one of the leading pan-Asian data centre platforms.
Under the merger, the new parent company, ChinData Group, will continue to operate under the ChinData and Bridge brands respectively.
Bain Capital acquired ChinData in May 2019 from Wangsu Science & Technology Co. Ltd and has owned Bridge Data Centres since 2017.
And Bain says the merged company currently has delivered over 100 MW of contracted capacity and is still under continuous and full-speed development.
Jonathan Zhu, co-head of Asia Private Equity for Bain Capital, said: “This deal demonstrates Bain Capital’s capabilities as a truly cross-regional, multi-asset class investment platform.”
“The combined entity brings together the best minds to power the Asian data revolution, especially in China and India, the two largest and most promising markets globally.
“ChinData Group will be able to move quickly to serve customers on a pan-Asian regional basis and build a differentiated position in the market.”
Barnaby Lyons, a Managing Director and Head of Asia for Bain Capital Credit, said: “This transaction showcases that Bain Capital, with both private equity and special situations teams, can provide a wide spectrum of solutions to businesses in Asia looking for growth capital.”
Bain Capital’s investment in the combined entity is funded from vehicles managed by Bain Capital Private Equity and Bain Capital Credit, and according to Bain the ChinData Group is poised to benefit from the “dramatic growth in demand among enterprises for cloud services and the expansion of opportunities in Asia for international cloud providers that require high performance mission critical data centre facilities”.